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MFS Municipal Income Trust V.MFM


Primary Symbol: MFM

MFS Municipal Income Trust (the Fund) is a diversified closed-end management investment company. Its investment objective is to seek high current income exempt from federal income tax but may also consider capital appreciation. It invests approximately 80% of its net assets, including assets attributable to preferred shares and borrowings for investment purposes, in municipal bonds. These municipal bonds include debt securities issued by or on behalf of states, territories, possessions of the United States, the District of Columbia, and their political subdivisions, agencies, or instrumentalities. The Fund invests in various sectors, such as hospitals, secondary schools, colleges, schools, and water and sewer utilities. It has investments in areas including Alabama, Alaska, Arizona, Arkansas, California, Colorado, Delaware, Florida, Georgia, Guam, Hawaii, Idaho, and Illinois. Massachusetts Financial Services Company is the investment adviser of the Fund.


NYSE:MFM - Post by User

Bullboard Posts
Post by kraftdinneron Jun 18, 2005 12:02pm
218 Views
Post# 9178389

Paquita - drill results

Paquita - drill resultsMarifil Mines receives Paquita drill results 2005-06-17 07:00 MT - News Release Mr. John Hite reports MARIFIL MINES RECEIVES DRILLING RESULTS AT PAQUITA PROJECT Marifil Mines Ltd. has completed a 947-metre diamond drilling program comprising 14 holes at its wholly owned Paquita gold project in Chubut province, Argentina (see news as reported in Stockwatch May 17, 2005). The company has received all of the drill core assay results. The program's initial drill targets were along the Carola and Cerveza veins. Surface sampling of both veins averages 8.9 grams per tonne Au. However, the drilling revealed generally lower gold values in the subsurface except for the last three drill holes on the north end of the Carola vein. There, results indicate that gold mineralization is increasing northward into a zone where the vein's continuation is obscured by surface cover. In the table below, hole 1 is the northernmost hole that cuts the gold vein where it is open to the north. Hole 2 is an angle hole under hole 1, and hole 3 is 100 metres to the south. Hole 6 is about 450 metres still farther south and it tests the intersection of the Carola and Cerveza veins. The intercept lengths are approximate true thicknesses. DDH No. Assay intercept From To (metres @ g/t Au) (m) (m) Hole 1 2.8 @ 6.49 30.3 33.1 including 1.4 @ 10.91 32.7 32.1 Hole 2 2.9 @ 4.83 41.2 44.1 including 1.0 @ 12.36 42.1 43.1 Hole 3 1.1 @ 0.91 50.4 51.5 Hole 6 3.0 @ 2.38 5.5 8.5 including 1.7 @ 3.70 5.5 7.2 and 2.0 @ 1.70 24.6 26.6 The company believes that these drill results warrant more exploration work on the project. However, further drilling is unlikely to be contracted before the Argentine spring, in September or October. Plans are in place to expand soil sampling, geophysical surveys and trenching northward on the projection of the Carola vein. All gold values are of assays performed by Alex Stewart & Co. laboratory in Mendoza, Argentina. This press release has been reviewed and approved by John Hite, president of Marifil Mines Ltd., and by Steven Davis, general manager of Marifil, under whose direction the exploration programs are being carried out. Both are qualified persons, as defined by National Instrument 43-101.
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